Richard C. Cook and Alex Jones argue the U.S. economy was deliberately collapsed via the 1913 Federal Reserve and 16th Amendment to establish neo-serfdom under international bankers. They claim Henry Kissinger's 1970s OPEC oil price hikes created petrodollar hegemony, turning global finance into a bubble economy designed to bankrupt America through wars in Iraq and Iran. Identifying the Bilderberg Group as seeking world domination, they propose abolishing the Fed, implementing social credit dividends, and outlawing leveraged speculation. The hosts frame September 11 as a pretext for conquest, accuse mainstream politicians of maintaining financial control, and promote their documentaries as essential defenses against this alleged New World Order agenda. [Automatically generated summary]
We are now into the fourth and final hour today on this Wednesday edition.
Richard C. Cook is our guest analyst for NASA, for the Kennedy, for the Carter White House.
Worked in a lot of other areas, U.S.
Treasury Department, on and on and on, expert in monetary reform, talking about the collapse of the economy, how it's being done by design, bringing us into a neo-serfdom or feudalism, a North Korean-style state.
He had just gotten to the point of the central bank financiers bringing down Russia by publicly, the Bank of England and others, and Brooklyn, shipping in thousands of Brooklyners To bring down the czars, not for the utopic communism, but for a banker utopia of slaves.
Well, and then you had over on the American side, you had of course the Federal Reserve system coming into being when the bankers took over the United States economy in 1913, and of course coming along with that was the 16th Amendment to the Constitution, where you instituted the income tax.
The purpose of the income tax was to pay the interest on the permanent national debt.
Now, I want to jump ahead because during the subsequent decades, while the United States was being harnessed as the financier's military enforcer for the world, there was actually a significant power struggle within the United States between the forces that wanted to have a strong nation, a strong national economy,
And this was primarily the program of the New Deal of Franklin Roosevelt, but Roosevelt was very ambiguous about it, and he allowed the banking system to continue to function.
And it was after World War II, when the American economy began to decline through the tremendous deficits that were being run up during the Vietnam War, That the United States began to fall back into the control of the international financial world.
By the late 1960s, the Vietnam War was sinking the United States deeper into debt.
The problem at that time was made worse by very heavy federal expenditures under social programs, particularly Medicare and Medicaid.
But when Nixon became president, His Secretary of State, Henry Kissinger, came up with a plan where Saudi Arabia and the other OPEC nations would gradually increase the price of oil.
And the profits for that were going to be used for the oil-producing nations to buy debt from the U.S.
Treasury.
In other words, this is what we were going to do with our deficit from that point on.
It was going to be sold overseas to other countries, particularly the OPEC oil-producing nations.
That's why, over the decade of the 70s, by 1980, the cost of oil had been ratcheted up from $3.50 a barrel to $39.50 a barrel.
It was a de facto tax on the economy, and the plan worked.
The petrodollar and dollar hegemony were born, and the dollar at that point became the world's reserve currency.
The dollars could flood the world only because in 1971, the Nixon administration abandoned the dollar's gold peg as a basis for international currency exchange.
Now, currencies could float freely in the world markets, and so you had a tremendous period of currency speculation and worldwide inflation.
From this point on, the bankers were in control.
the economies of the world were no longer based upon production.
They were based on financial manipulation.
It was also the beginning of the era of monetarism, where the Federal Reserve thought it could regulate the economy by raising and lowering interest rates.
What that meant was the economy of America would go from a producing economy to a bubble economy.
Richard C. Cook, White House Analyst Advisor, syndicated columnist, analyzing what's happening to the economy.
Please continue with the history of the private owners of all of us, who just so happen to be psychopathic eugenicists and say they want to get rid of us, and who happen to control our police.
Okay, yeah, I want to continue doing some of the historical background here and try to get to some of the solutions that we might want to take a look at for all of this.
Uh, we talked about the 1971, uh, milestone where the dollar peg to gold was removed and that allowed the currencies of the world to float against each other and brought in this huge era of speculation.
And it also allowed the petrodollar to come into being where the OPEC nations and Saudi Arabia and the others.
Now we're going to purchase U.S.
Treasury securities, uh, and run up the price of oil to pay for those.
This plan was really the plan of the Secretary of State under Nixon, Henry Kissinger.
And another thing that it did, it made the U.S.
dependent on Middle Eastern oil, and turned the U.S.
into the power behind the financiers' ambition to dominate the region, particularly through working with the nation of Israel.
So now, the United States, which had liberated Europe from the Nazis, We also began to be the ones who were going to fight and die for the financiers in the Middle East, and of course, the final conquest of Iraq starting in 2003 and the planned war against Iran are phases of that.
Now, meanwhile, back here in the United States, through the financiers' control of the Federal Reserve System, the producing economy was wrecked through the Fed-induced recession of 1979 to 1983.
Now that's when Volcker raised interest rates to the highest in history to combat the inflation which the financiers themselves had caused through the oil price shocks.
Then, when Clinton was elected president in 1992, the U.S.
producing economy, which had been devastated by the shutdown of the factories and the export of jobs under Reagan and the first Bush, Well, the work of Wrecking the Economy was completed by Clinton's embrace of NAFTA, which has largely eliminated family farming in favor of financier-controlled agribusiness in North America, throughout U.S., Canada, and Mexico.
And, of course, the deregulation of the financial industry, which had begun in a big way during the Reagan and Bush years, was accelerated under Clinton.
Now, By this time, the only thing that was floating the U.S.
economy were the bubbles.
You had the merger-acquisition bubble of the 80s, and that ended in the George H.W.
Bush recession that brought Clinton into the presidency in 92.
Then during the 90s, you had the dot-com bubble that was fueled not by American savings, but by foreign investment.
And it was the capital gains on these stock price inflations and counting trust funds like Social Security As part of budgetary assets in the federal budget that allowed Clinton to balance the federal budget during the last three years of his presidency.
But it all ended, as we know, when the dot-com bubble burst in the crash of 2000 and 2001.
And Americans lost in that crash $7 trillion of wealth, including the pension funds of hundreds of thousands of people.
Now, After that came along the Bush bubbles, because Bush, as you know, did not attempt to rebuild the economy.
What he did was cut income taxes to the highest tax brackets and allow Alan Greenspan to create the housing bubble, followed by the equity fund bubble, the commercial real estate bubble, the hedge fund bubble, and all of that is what now is coming to a head and is starting to deflate Well, ruining the economic viability of the nation.
All that's left is war, military, cops, checkpoints, cameras, and it's... I just can't believe this once great nation is just going to be... Oh my God.
But the people are waking up now like never before.
I don't know if they're going to get away with it.
Okay, solutions are great, and I want to take some time to talk about solutions.
We did that yesterday with G. Edward Griffin.
My issue here is that the establishment has electronic voting machines that engage in fraud in most of the country.
We know that the government, the CIA, runs the big three electronic companies.
We know they're ignoring, I mean, 91% want to control the borders, they say no.
Gallup poll.
Eighty-something percent want to end the war, they say no, it never ends.
They just do what they want, when they want, how they want.
So, it's good to know what monetary solutions are, and I agree with a lot of your ideas.
A lot of other experts I interview do as well.
It's just that, I guess it's important to know who to blame, so that as they implode things, I think the solution is, first off, people need to know this was done by design, or the same people that did this will always offer a new solution to the problem they created, which is greater control for them.
Well, that's certainly correct, and you can see that in the presidential campaigns.
You can see that.
You can't see it so much in the McCain campaign, because John McCain says everything is just great as it is.
But when you get into the solutions being offered by Hillary Clinton, for example, and even to some extent Obama, although I don't think Obama is quite as much a part of that establishment as Hillary Clinton is, essentially you're saying, put me back, trust us, and we'll fix it for you.
Okay, well let's go ahead and get into the solutions.
I just want to make clear here that they have got us tied down and it's going to be hard to have these solutions, but I just want to be clear about that.
Well, I think that's true, and I guess from my point of view, being someone who's worked in this field, I've tried to get a meeting with Secretary of the Treasury Henry Paulson, and of course have not been granted an audience.
But obviously there has to be a political revolution in order to get people into power.
in the White House who can make a difference and who can bring the reformers in.
I think that's so, yeah, and I certainly would not argue with that, but if anyone has any hope to try to reform anything, I think we need to realize that all of these manifestations that are going on of terror, of state terror, of internal crackdowns, of internal collapse, all of this is happening because We have a failed economy.
And in order to make any progress or any headway at all into getting out of this situation, the economy of the United States has to be rebuilt from the ground up.
And there are three areas where somebody has got to take responsibility for making changes.
And let me tell you what I think those three areas are.
One is American family farming, because a nation that cannot feed itself cannot exist.
But that's why, so we can have our solution, we've got to block their Real ID, their Animal ID, their Premises ID, which was written by the big AGRA, to shut down family farms and ranches, have inspectors on your land, thousand dollar a day fines for no reason, absolute bureaucracies of little environmental control freaks running around foaming at the mouth.
The streets, the bridges, the railroad systems, the mass transit systems, and... Continue, sir!
And along with that, we've got to rebuild the soft services, the health services, and the educational services, and we've got to be able to do that by controlling the monetary system.
So the underlying reform that has to be made is of the monetary system.
And that's what I've been arguing now over the last year and a half.
Let me just mention Ron Paul.
You brought him up.
He has made history as the first major presidential candidate ever to call for the abolishment of the Federal Reserve.
Yeah, and he's absolutely right, and he's done a great service by doing that.
Because the very first thing that a president who is truly a president of the American people has to do is eliminate the Federal Reserve as a bank of issue and get rid of the debt-based monetary system and then get rid of the bankers and the Wall Street financiers as being the overlords.
The president of the American people has to do is eliminate the Federal Reserve as a bank of issue and get rid of the debt-based monetary system and then get rid of the bankers and the Wall Street financiers as being the overlords.
Well, let me just mention, I will have an article coming out in the next couple days on global research that will go into what we've been talking about today, Alex, in a lot of detail.
And so people can take a look at that, and also they can write me on economicsanity at gmail dot com with questions that they have.
Now, one thing I also wanted to mention about Ron Paul's candidacy is that it proves, despite what a lot of people say, that the public is ready to listen to new ideas.
But even progressive analysts, including I have to say Ralph Nader, Uh, who says he's running for president again are so locked into outmoded concepts that they do not understand, they do not realize that a completely new type of monetary system is needed.
So to break down the monetary system, how do we extricate ourselves first out of their control, abolish the Fed, we have to educate people first, so that's happening.
Secondarily then, what system do you like?
Being a monetary expert with the Treasury Department, working in the White House, being an analyst for NASA, studying this at the White House level, What do you and other experts you confer with?
Let me put out a concept first, very briefly, and then I'll give some specific ideas that I and other monetary reformers are promoting.
The basic concept that must be understood, that people do not understand today, and that I've been writing about now in my writings for the past year and a half, is to look at what is credit.
Credit is a power of nature that is truly part of what we call the human commons, you know, the common heritage of mankind.
Credit allows a society to create value by using the ability that we have to draw Out of our future productivity into what we can create and use today.
I mean, they've abused just the complete daylights out of it.
That's correct.
At every single level, aggressively trying to hurt economies, trying to destroy economies, so they can consolidate as a business model, stated in their own documents.
That is correct, and it's this privatization of credit through the banking systems that has loaded humanity with the tremendous burden of debt It's made short-term profits the highest priority of everything that's done in the business, and it's made modern industry really as much a curse as it is a blessing, and it's this privatization of credit that has to be changed.
So, I have, and this is work I've done with a lot of other people who are involved in the monetary reform movement around the world, that people really need to become aware of.
There are three things that I'm proposing.
The first is a guaranteed income, which will be accomplished through what we call the National Dividend.
Now you've heard of the Alaska Permanent Fund, where every year, every resident of Alaska is given a stipend.
Yeah, it's the comprehensive annual financial reports that have trillions of dollars off-budget.
And so, absolutely, instead of giving all of this investment capital to offshore corporations, take it back over by the government, and then have it distributed equally to the population.
In my estimate, and this is in a global research article I wrote last year, which is called an Emergency Program of Monetary Reform for the United States, calculates the national dividend where we are right now at $12,000 per capita annually.
Now you can compare that to the $600 per person that Bush is about to send you back on your tax rebate.
What I'm saying is A national dividend should amount to at least at this point $12,000.
We're going to be right back for the main radio listeners.
For InfoWars.com stream listeners and PrisonPlanet.tv viewers, we're going to go live right now for this three minutes and come back and take your calls.
The show continues at InfoWars.com on those streams.
Okay.
Continuing with you, Mr. Cook, continue with your solutions.
Hello?
Yes, Mr. Cook, we're still on air here with part of the audience.
This is so important, I'm skipping the break here on the web.
Now, one of the things, I just wanted to mention that if people want to do some research on the source of the national dividend idea, the best source is the teachings of C. H. Douglas.
Who was the founder of the social credit movement back in the 1920s and 30s, and I have articles on global research that tells about... By the way, the former auditor of the Air Force looked at all this and called for it about six years ago.
Well, the money is available, but even more than that is that it can be paid out
without having to tax people and without having to borrow money by the federal government because it's part of the productivity of the nation and you can set up a separate national dividend account that is a uh... gives us the ability to monetize the appreciation of the economy and the productivity of the economy as it develops over time and pay out this national dividend without taxing anybody without having to borrow money by the government that's very critical thing
To understand, and if people want to understand more about the theory of that, they can check out my article that's going to be coming out on Global Research.
The second thing is that the government needs to go back to spending money directly into circulation as it did with the Greenbacks in the 19th century, particularly for infrastructure projects at the federal, state, and local levels.
Now, there has been legislation proposed in Congress very recently by Congressman Kucinich, Senator Dodd, and others to set up a national infrastructure bank.
And this should be done immediately, and you can do it by capitalizing state and local infrastructure bonds.
Listen to me very carefully, people that serve the government.
I'm standing in The sadistic, cold-blooded families that run the New World Order, that own the private banks, that own our governments.
It's all illegitimate, it's done through fraud, but they need a police state apparatus and propaganda to be able to secure it, hold it, and expand it.
And they do this in phases.
If we do not have a renaissance, an awakening to this, an open debate about this, we are going to be hurt very, very badly.
We're already seeing just the leading edge of the storm.
And it gets more and more intense as we get deeper into it.
So I know a lot of you won't listen now, but you'll listen later as it gets harder and harder.
It is in 99.9% of our interest to not go along with this.
This is hyper-predatory.
They believe in social Darwinism.
They believe hurting innocent people, killing, enslaving, bankrupting is good for the race.
They believe it's their right to rule.
This is their own statements.
The head of the CFR, Richard Enhance, publicly, they published this, said, the whole global warming thing's fake.
It's all about making humans the enemy in the state-waging war.
It's all about tracking and controlling our every movement.
It's a new level of bureaucracy.
The war on terror, they admit, is totally fake.
Gary Hart admitted two days ago, just broke up on InfoWars.com, the WeAreChange video, said, yeah, our government stages terror attacks.
Uh, and we'll stage him again.
I mean, it's all happening.
Now Hart helped write the Homeland Security plan.
He called for terror attacks.
Richard C. Cook, why do you think Gary Hart and Zbigniew Brzezinski and others are suddenly coming out and telling Congress and others, hey, our government could stage attacks?
Does that show splits?
Why do we see Rockefeller coming and trying to take Exxon Mobil chairmanship away from Rex Tillerson?
I do see, not fake, because they're not really publicizing it, but I'm seeing real friction within the establishment.
Is this kind of at the moment of truth, really decapitating the U.S.
and bringing us into this enslavement?
Are some of their people going, come on, this is too dangerous, this is too intense.
They're waking up to us, they're not going to go along with it.
Or is this kind of like the high command that liked Hitler at first, but by 1942 wanted to get rid of him?
Well, my opinion is that there is some sanity that is creeping in, because a lot of these people like Brzezinski, for example, really believed that they were going to build a strong America, and that America was going to be the nation that ruled the world, and now America's being dumped in the trash by the international financiers who've used us and abused us and don't need us anymore.
We're being taken down deliberately.
And so I think some of the people who formerly were part of the problem are realizing they've got to be part of the solution.
And I do know, and I can tell you this, having worked in the federal government for 32 years, there are many patriotic Americans who work in the federal government.
You should have heard some of the things that I heard said about Bush, about the Bush administration, about the false terror attacks.
When I was in the government, there are a lot of people, I think, who are ready to be part of a new movement for American nationalism and take our country back.
They have been unified, but now at the moment of truth there is some rebellion.
And so there is a silver lining here, and I want to break it down this way.
Andrew Jackson was in his own time.
Andrew Jackson did some horrible things in today's perspective, but in his time, from his view, he really thought he was serving the people.
He really wouldn't take money from his office.
It was manifest destiny.
It was survival of the fittest, but he really was believing it was for the greater good of the general public, at least in a subset, racially.
I'm not defending that, but you have to respect that he really believed what he was doing.
This predator class revels in going after the smart and intelligent.
They want to dumb down the mess.
They want to carry out dumbing down, disenfranchisement of everyone, and so they sold a lot of hawks in our government that, yeah, we're staging attacks, and yeah, we're attacking countries, but it's for America.
And now those deluded hawks that believe that are now going, wait a minute, this isn't even for America or for my grandkids.
Because, you know, the argument of, well, if we're not evil, somebody else will do these tricks and they'll be in control.
We've got to guard goodness with pure evil.
You know, kind of like guard the truth, the bodyguard of lies.
You know, so there's that rationalization.
I think they're now figuring out, my God, this is, this is totally nihilistic and this isn't even what I signed up for.
These people are really going to, you know, this isn't, I mean, do you see the point I'm making?
Exactly, and he was fighting with Native Americans when it would be 5-1, 10-1, 15-1 against the U.S.
to one ten to one fifteen to one against uh... the u_s_ forces when it was real wars uh...
and when they were being overrun and beaten so it was it was a thing of and you know hiring one native group to attack the other but now it can be seen as oh my god he was engaging in genocide when it was really life and death struggle between you know uh... ice age man and uh... you know ice age age Asians that had come over into North America, and then into Mesoamerica, and I'm not... I mean, we can certainly in hindsight look at what happened, but you know, the Hollywood image is the 1880s, the final extermination, the final tracking down, and I think that's wrong.
Well, let me say, first of all, I'm not a licensed financial counselor, so I can't give individual advice enough.
A lot of people write to me about that.
I think you should just do your own analysis, and you should base it on a worst-case scenario.
Now, of course, they're floating the stock market, and the reason they're floating the stock market is because the financiers have so much money in it, and so much of the money in the stock market rides on investments in China.
That's a huge part of what is keeping the stock market over the $12,000 level.
It's because the American people can't buy that stuff and can't pay for it.
So as far as what your investments are concerned, all I can say is get a good counselor, take a worst-case scenario, and go from there.
Get out of debt, have storable food, try to have a place to boogie out to.
I mean, even five acres, a hundred miles outside your town, away from anybody, if you've got to, you know, with an RV and supplies, you know, in case there's riots and total breakdown.
And I'm not saying that's going to happen.
But if there's a meltdown, it is a very good chance that's going to happen, where they, by design, let things break down for months, sometimes even longer, so people beg to be reorganized.
Well, I'm going to, in my article that's coming out the next day or two, make a series of suggestions to people once we run through all of the macro solutions about what people should do individually.
First thing I put in there is plant a robust home garden.
Okay, well one thing that I've noticed is that with the rising fuel cost, people have a lot less ability to get around, to move around.
And, I mean, that seems to be one of the, maybe, not necessarily the primary goal, because it seems like we're marching really steadily towards martial law.
But the frightening thing is, I mean, does it seem likely that the whole That's what I've always been saying.
We can't get focused on the puppet personality.
and all that wasn't even for Bush or Cheney's benefit to begin with.
This is an agenda, and all these politicians are on the surface is a simulation.
Bush is like Birdcage Liner.
He takes all the blame.
He's wicked and horrible and a little demon.
I mean, how dare them put out all these details of Spitzer's sexual habits while Bush is packing in gay prostitutes 24-7?
I mean, it's just so horrible.
But again, Again, they know how to tantalize us and get us obsessed with looking at these puppets while, yes, it was all about suppressing you when they took everything you had.
I think, too, that you've got to realize that the United States has deliberately been made dependent upon gasoline and petroleum.
I mean, if you go back to all of the decisions that have been made since, really, the 1960s, where we were going to rely on the automobile.
We were just going to build highways.
We weren't going to bother with mass transit.
We were going to build all of these big suburbs spread out all over the landscape.
We were going to build shopping malls and big box stores where you can't even walk from one place to another.
All you can do is drive.
They've created the situation where all they had to do ...was raise the price of gasoline, and this economy would come to a standstill.
Now, you've got to obviously get around today, but you've also got to demand of the people in charge that you create an economy that is not totally susceptible to this kind of a chokehold, this kind of a breakdown.
I want to go back, because I never heard you say that, and that's exactly what I saw on air.
But you can just objectively look at what they're doing, and of course they bragged about it.
This is all systematic.
They designed everything to be based on the automobile.
They paid billions to make sure there wasn't mass transit, and I'm not even particularly defending that.
The point is, everything in globalism is to make countries and individuals totally independent, I mean totally dependent, in a prison-like panoptagon, and to make the globalists who are international exempt from all their rules at the national level, where countries are nothing but individual prison grids, And then they are outside the prison grids with diplomatic immunity.
And they've now reported that police in California, 996,000 employees of the government, are all above the law, no DWIs, no arrests, no speeding.
I mean, and that's what the late Aaron Russo said that Nick Rockefeller told him.
He said, look, we're going to have an ID card, and we're going to be above the law, and you're not.
And that's it.
Diplomatic globalists, people bowing down, kissing their butts, and we're all just slaves locked down in our countries.
Now, I think that, again, I'm looking at it from the point of view of my specialty, and that is that it all goes back to control of money.
And the control of money that they rely on and the ability to produce debt is all based upon what we call the privately controlled fractional reserve banking system, where the banks have the ability to simply make up credit, create money out of thin air, and then lend it to you and put you into debt to pay them back by your labor that's extended over your lifetime.
And again, that's another factor that has to be changed.
I mean, I've heard rumors about, you know, how it's possible that this legislation is trying to bring about some sort of, you know, their belief of Armageddon or whatever.
They act like they're evangelicals, they act like, and they manipulate, you know, the poor right-wing Christians who aren't even really right-wing to think that open borders, gun control is conservative.
I mean, when you get down to it, they're into occultism, they're into New Age, they're mainly in the Republican Guild.
It's like a club, it's like a homosexual guild, and that's kind of a rite of passage into their gang.
Actually, a lot of gangs are like that.
And so it's kind of a front.
And then, yeah, they have Christians saying, praise God, it's Armageddon.
We want to make Jesus come.
And so there's a right-wing cult they're controlling, but it's only a subset.
Well, I think that there's a lot of this secrecy and a lot of this Clubbism, if you will, that certainly is going on.
But again, from my point of view, we've got to realize that it rests upon their ability to control money and their ability to create money out of the banking system.
You take that away, how many of these people could go to work and earn an honest living?
Well, not very many of them could, because they're living as parasites off of the producing system.
We have to take back the whole system of credit creation Well, I want to be clear, though, about this in our republic, is that it's killing the goose that lays the golden eggs, but they're so greedy they don't even want that goose to have a life.
They'd rather have a dead goose and have the only golden eggs that were laid than have golden eggs laid that somebody else might get their hands on.
It's a total religion of control freak behavior where they don't care if we all live in slums and are being euthanized.
They don't care if we're starving to death.
As long as they're in armored citadels with guys in black uniforms following their orders, it's about having total control because psychopaths gravitate towards law enforcement, politics, and power.
Normal people get a modicum of power and then aren't hungry anymore.
It's only the mentally ill that crave control and domination.
That's why Stalin, Hitler, and others, when they had unlimited power, went crazy and started killing everybody because it's part of the pathological extremism.
But again, it's my own view that we have to understand what to put into place to replace all of that.
You can't fight something unless you have knowledge of what it should be like.
And so, again, going back to the fractional reserve banking system, in the monetary reform movement, we believe that the government should be the ones who are lending to the banks and that we should be, as a people, the beneficiaries of the proceeds of that type of lending and then the beneficiaries of the proceeds of that type of lending and then use that to pay for legitimate Exactly, a fiat currency for us.
I actually disagree with Paul who wants gold because the bankers own all the gold.
They can corner the market on it, but that's a better system than even what we have now, which is total fiat.
I agree.
Use the power of fiat currency, but have it be public, be educated about it, have public debates about whether we want to inflate, deflate, or keep the same, and use that.
It is a powerful engine, and I actually agree with you.
Yeah, and let me just put a figure out there, which is one that I'm going to put out on global research when this article comes out in the next day or two.
My own estimate is that if we could implement these kind of reforms, we could eliminate three-fourths or more of the current tax burden that our economy is subject to, and that we could, by taking control of currency issuance, by taking control of Uh, the ability to create a national dividend.
We can get rid of the 16th Amendment to the Constitution and the direct income tax altogether.
Uh, there's one other thing that I want to mention that we can do right now that would take away a lot of the power of the financial manipulators And that would be to outlaw all leveraged banking based upon speculation.
Absolutely, and there's all sorts of ways they do that.
We'll have you back soon to break down some of those specifics.
I agree with that recommendation as well.
For internet listeners of the InfoWars.com streams, you need to go there right now.
We're going to do this three-minute break.
We're going to do an interview right now because this is so important.
Then we're going to come back and talk to Dan in Texas, and Phoenix in Atlanta, and maybe a few more.
Alright, interview continues at infowars.com.
Okay, yeah, this is so important, and next time we have you back on for the full audience, we'll talk about that, but explain what leverage banking, how they, not just fractional reserve to the power of 10, but setting up sub-banks who then loan it out times 10 or times 20, depending on how the country sets it, or AAA rating, debt, and then selling it in bundles, derivatives, I mean, break down different forms of leverage banking.
Well, what it means is that when these financiers purchase things, and that can be stocks, it can be whole companies when they are operating an equity fund, it can be futures when they're in there buying commodity futures and running up the cost of food, they're not putting their own money down for those kind of purchases.
They're putting down a very tiny proportion of it.
Now, probably most people are familiar with buying stocks on margin, which certainly does go on.
But what people don't realize is that everything in these markets is bought on margin.
For example, if you want to buy a futures contract, you only have to put down approximately 3% to 5% of your own money.
95% to 97% of that purchase is leverage money.
That is, it's money created out of thin air by a bank.
And that creates huge volatility and moves the market completely away over time, as it now has, from real business in real commodities and in real development and makes it top-heavy, where the vast majority of everything is just wild speculation.
And in that vortex, projectors, con artists, paper scams flourish and then endanger all the real investments the general public has invested in For their retirements, for their schools, for the society.
And one thing it does even more than that, that I think is just astounding, is say you're purchased as Dunkin' Donuts was by the Carlisle Fund.
Not only do you now at Dunkin' Donuts have to work to meet the expenses of that business, but because the Carlisle Fund borrowed money from a bank to make that purchase, you now are also paying off that loan to the bank.
You go in huge stores and there's no employees because some greedy, stupid bastard who's leveraged everything is at Lake Tahoe with his mistresses and it doesn't matter if the company's going to go bankrupt a year later, he's making $100 million right now.
My question for Mr. Cook is, basically, what do you think, as far as the economy, we do about slimeballs, degenerates, who would love to make a penny off of the tragedy of September 11th, and lies of loose change like Alex Jones and Jason Burmese?
You can call me back when I'm just taking calls and we can do that.
What do you do about slime balls that make money?
Obviously, I need to make money to be able to defend ourselves, sue people that slander us, pay my employees, and yeah, so I can live comfortably and take care of my family.
I make films, I go out and shoot interviews like anybody else who has a political view, and then I make them free and advertise they're free on the web And then I'm bad when I am at higher standards than anyone else.
Well, you know, a lot of these people are being paid by loans that the government has to sell to China.
Because we can't afford to pay our own way in this country, so... Oh, and they admit they have thousands of fake sitcom people calling in and blogging, but I don't think that's one of these people.
A lot of people in our movement are jealous of anyone that actually hires an employee, starts an operation.
Stay there, Mr. Cook.
I want to, if you can, do ten more minutes in super overdrive.
We're going to leave the Genesis Network now.
We're going to do 10 minutes in super overdrive on the internet streams where tens of thousands of you are listening right now and PrisonPlanet.tv for viewers.
If you want to hear that, you've got to get off the Genesis Stream and others and go over to InfoWars.com or if you're a PrisonPlanet.tv member.
But don't let those enemies stop us.
I should have plugged my videos earlier.
InfoWars.com.
Buy them on DVD.
Defeat that enemy, Dan.
We'll be right back with Phoenix and others.
Stay with us.
Okay, we're going to call the guests back right now.
But let me just mention also, if I could, a lot of the things that I've talked about today are going to be in much more detail in the new Global Research article that'll be out in the next couple days.
Please be sure to take a look at that, and you'll see more about the National Dividend, more about the Infrastructure Bank, and other proposals that we are making.
Okay, and one more thing, and this is just going for the future.
I am a buddy filmmaker, so I might want to, I wanted to be able to get in contact with you later, because it's in the beginning stages right now, but I want to get back in contact with you later, because I want to use you a little bit in the film and then that way you can like make some money too and stuff like that.
It's just like the guest we had in studio yesterday, G. Edward Griffin said, he said, libertarians, patriots, freedom lovers always said we need to get rid of the power in government.
We need to tear down government and we don't need power ourselves.
Well, the founders actually said, limited government to guard against bigger government and corrupt interests using the mechanisms of government for themselves.
We need an understanding, a renaissance of the structures of government and we need money.
We need power.
The globalists control the issuance.
The private Federal Reserve owns the issuance of our currency.
They own the money machines, and then they tell us on the news, it's their favorite thing, anybody criticizing the government, they just make money off of criticizing America.
No, we're trying to save the country, and we need money.
And then when I get those calls, I get mad because I'm like, my God, I've just done hours and hours of a show and haven't plugged my videos, which aren't just how we fund ourselves.
They're powerful.
They're effective.
Mr. Cook needs to be supported.
You know, if we had the capital, we could be more effective.
We need to support alternative media and global research, and we are changed.
And all these groups.
Mr. Cook, you've got five minutes in closing.
You've got the floor.
Whatever other key issues you'd like to talk about.
And again, fleshing out any more on what you think the real... For this first.
The real timetable on the complete meltdown, and if you think there's any way to avert this.
Well, the way to avert it is to gain back the control of the government through a President of the United States who can make a difference.
And however that is done, I'm an analyst.
I'll be glad to work with whoever wants to find a way out of this thing, because I do have, along with the other monetary reformers,
Who are working on this real solutions and so it's up to you really it's up to the people of this country to take back the power of their vote of their responsibility and then the people who can fix this thing can step in and make a difference and that's what I'm trying to make available to people is the mental framework
The tools, the systems that can take back our country for the people who live here, for we the people.
And that is something that we all have to take responsibility for, and we have to do it right now, because there's no more time, really.
The time has come when we go one way or the other, and the way I think we should go is back to a United States that we care about, that we love, And where the government works for us and the government becomes something that we, the people, can work through to make ourselves fully responsible and fully productive and fully caring about each other and about our country.
So I think these things are really critical to do right now.
And one of the things that we have to do, and this is really, I mentioned a couple of the items in the monetary reform program already, and more of them will be on global research, but we need to get rid of the $50 trillion of existing debt that the bankers are holding over us.
That entire $50 trillion needs to be restructured.
It needs to be written off where it can be written off.
Well, 9-11 And this is the way that I characterize it, and it'll be mentioned in my article tomorrow.
9-11 was the pretext for pulling plans off the shelf to accomplish the military conquest of the Middle East.
And I believe, and I also say this in the article, that the project for a new American century, which was really the ideological framework that 9-11 Came out of and the invasion of the Middle East came out of.
I characterize that as a Trojan horse.
Because I think the United States was tricked into sending our treasure, our young people, into the Middle East because they knew that this was going to bankrupt our country.
And this was going to be the last thing we did for the financiers before we were dumped in the trash.
Everything they do is about squeezing the last of the sanguination, the sucking of the juices, because they shipped our industry overseas, they gave us a sprawling infrastructure based on oil, They're now countering with a global tax on the oil that they've engineered in the name of saving the earth and the deadly carbon dioxide, almost as deadly as water, the hydrogen dioxide.
So we have all of this going on.
not only does it bankrupt us, it's then no-bid contracts, 15 million bucks for a $100 blue tarp.
So they also get to engorge themselves on all that real capital, then invest it before it's devalued, and then give us endless taxes to pay off the leveraging in the bankruptcy.
All right, I want to get you back on about more of the solutions and also the Challenger situation and how it's really caused, because according to what I've read and what you've said, It was the military projects and how that all fed in together.
And of course, you were an analyst at NASA as well, so uniquely qualified to cover that.
I will say here at the end that both these films need to be seen.
You don't just support me, you support the filmmakers because we split it 50-50.
American Drug War, it isn't even in stores until the 24th of next month.
I've had it for a month in stock because I'm a consultant and I'm in it.
And it's got three hours of extras, two hour film.
Absolutely must see.
Available at Infowars.com.
And Washington, you're fired, 1995.
Really what I'd call the heir to America, freedom to fascism.
It's just really a fabulous movie.
My film's in-game blueprint for global enslavement.
Let's say you've seen it for free on Google.
Good!
But if you can afford it, give us $19.95.
You can get it for $9.95 when you get it with another film.
And make copies of that DVD.
That's a better way.
Get it.
Buy a hundred blanks.
Make copies.
Please, get it on AXS TV.
They're shutting down AXS everywhere.
Use it while you can.
If you had an AXS show in the past, go back and do it again.
All these little things will bring the New World Order to their knees.
So please support us.
You can also call toll free to get my films, 888-253-3139.
I don't say this for the theatrics and the effect.
I mean, I get death threats.
I've been physically attacked.
I've had stuff happen to me you can't even believe.
You know, Dr. Horowitz has had the FBI at his house.
I've had Secret Service here.
I mean, my family's really worried.
This is serious business.
We're not doing this to play games.
You know, we're human.
We joke around.
We screw around.
I'm not perfect.
I wish I did a better job, but this is life and death.
This isn't about being a big shot and having some movies out there.
I've got to be as big as I can be just to make sure my life was worth something and try to save people.
I mean, this is serious.
You've got to do that.
I mean, you see everything we talked about came true?
You see how it's all happening?
They told us in all their own documents.
CFR, Trilateral Commission, World Bank documents.
I mean, we're in trouble, folks.
They're building camps.
And I just, you know, we're a decadent, slothful, pig-like society.
Not all of us, but the vast majority.
And they're just like, they think America is like an amusement park, and suddenly stuff costs more, and suddenly they can't buy as much beer, but still they're just like, everything will be alright.
It isn't going to be alright until these bad guys get out of here.
They're not going to stop squeezing.
I mean, they want to hurt you.
They're into that.
You understand there's bad men?
You understand?
No, you don't know history.
Well, I know most of you do, but our viewers do, but a lot of you new people watching, giggling on YouTube and stuff.
I remember a year ago writing articles for PrisonPlanet.com, Infoworks.com, people on the Dig comments on the message board going, you piece of trash, liar, lying about the dollar, lying about the war costing too much, lying, trying to bring down our nation, our Federal Reserve cares, George Bush cares, you liberal trash.
People to counter him.
No, no, no.
They don't believe in left and right.
No, no, no.
This is a military consolidation.
This is conquest by an elite.
Shut up, Commie!
The guys at CENTCOM writing that and their minions and fellow travelers, you're going to be hurt by all this.
I remember them bragging, going, yeah, it's about oil in Iraq.
We're going to have lower prices.
They attacked Iraq the first time, told them to go ahead and invade Kuwait because there were new articles in the news in 1990 about Saddam over-pumping, selling too much, driving down the price, 85, 90 cents a gallon.
OPEC got pissed!
That's why they invaded him.
You think it's about oil?
It is about oil!
It's about cutting the flow off, dummies!
That's your opinion, liberal!
Call me!
Associated Press, 2001, hundreds of pages of documents of the oil companies planning all this with OPEC.
I mean, it's not my opinion.
It's not my opinion.
You're not conservatives at Free Republic and Michelle Malkin and all of you.
It's not funny, folks!
The BATF being tripled in size is not cute.
Open borders is not cute.
Saying there's no North American Union.
Rush Limbaugh saying the CFR didn't exist for 15 years and now saying it does but it's good.
That isn't funny!
I told you Rush Limbaugh would endorse Hillary Clinton five years ago.
Not because he wants to screw up the nomination.
Watch what happens with this election.
Watch how you get taken.
No, he did that because he's published by the CFR, his books.
He did that because Roger Ailes is advising and at the highest levels running the Hillary campaign with Rupert Murdoch.
And then it came out in the news after I said it.
But you're not going to figure that out until it's too late, are you?
You're never going to figure any of it out.
You don't want to.
You want to lose.
You want to lose your family.
You want to lose your bank account.
And you want to just keep kissing the ass of these scumbags.
I'm out of time.
God bless you all.
Retransmission on Infowars.com, the same stream you're listening to.
We are about to go right into the 15 minutes into the first hour.
Amazing show if you missed any of it.
Please get this out to everybody.
I want to beat these people.
I want to win.
God bless you all.
See you back live tomorrow, 11 a.m.
to 3 p.m.
Central Standard Time.
I only did four hours and 15 minutes of radio today, not nine hours.